<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=192888919167017&amp;ev=PageView&amp;noscript=1">
Thursday, March 28, 2024
March 28, 2024

Linkedin Pinterest

New-home sales climbed in June to 8-year high

By The Columbian
Published: July 27, 2016, 5:59pm

WASHINGTON – Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the U.S. housing market.

The Commerce Department said Tuesday that new-home sales rose 3.5 percent last month to a seasonally adjusted rate of 592,000, the best level since February 2008. Purchases of new homes have climbed 10.1 percent year-to-date, despite volatile monthly sales.

“Today’s report confirms the considerable strength in the housing market over the past few months,” said Rob Martin, U.S. economist at Barclays.

Loading...